General overview for 28/04/2014 17:15 CET:
This market is still range-bound and until one of the level is broken, there is not much certainty about further price movement. Please notice that the correction might go even more complex as the farther wave development might progress into WXYXXZ black complex and time consuming cycle. There are not so many trading opportunities on this pair for now. Patience is required.
Support/Resistance:
1.1084 - WR2
1.1063 - WR1
1.1052 - Swing High
1.1032 - Weekly Pivot
1.1011- WS1
1.0979 - WS2
Trading recommendations:
Refrain from trading on this pair for now as correction has not been finished yet.
The material has been provided by InstaForex Company - www.instaforex.comFor detail explanation and best discovery on market trends you may visit via Technical analysis of USD/CAD for April 28, 2014 . Thanks for your support on Technical analysis of USD/CAD for April 28, 2014
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